December 6, 2023
The path of history in the edtech giant Biyus is falling apart, and spillovers are expected on the country’s nascent digital lending segment. Because if the biggest player in the sector burns out, others might feel the heat too. Two people familiar with the matter told ET that a couple of months ago, the Reserve
READ MORE
abrupt weekend crypto The sell-off triggered by the slump in small digital tokens has sparked new investor anxiety after a week in which the U.S. Securities and Exchange Commission stepped up its crackdown on the sector. Altcoins including Cardano’s ADA fell 25% on Saturday before offsetting the decline, while tokens including Solana’s SOL, Polygon’s MATIC
READ MORE
Russia’s offensive in Ukraine has exacerbated the protracted demographic crisis that President Vladimir Putin is trying to deal with, which could further damage its sanctions-hit economy. For a country that is already suffering from a shrinking workforce due to persistently low birth rates, conflict means even greater hardship that can linger for years. “Russia lacks
READ MORE
The dispute over air routes between the US and China has become another stumbling block in efforts to improve relations between the countries after Joe Biden and Xi Jinping agreed in November on the need to stabilize relations. The United States offered to provide the Chinese airlines the same number of weekly flights between the
READ MORE
An international team of climate scientists says the ongoing drought in East Africa is being exacerbated by anthropogenic climate change. World Weather Attribution aims to quickly determine whether climate change has affected certain extreme weather events. More than 20 million people in the region have been affected by the drought, according to the UN. ongoing
READ MORE
This article is a local version of our Disrupted Times newsletter. Sign here receive a newsletter directly to your inbox three times a week Today’s top news The French luxury group LVMH has become the first European company to achieve Market value $500 billion as the return of Chinese customers has driven up its share
READ MORE
Conor here: Interesting to read this in tandem with all the gnashing of teeth from the capital about the labor shortage. Brookings Institution recently rated that “the workforce is about 900,000 fewer than would be expected, primarily due to COVID-19-related deaths and reduced immigration.” Brookings concluded the following: Ultimately, the amount of goods and services
READ MORE
The banking panic subsided for a moment as Mr. Market waits to see what the Fed will do at its March 21-22 meetings. The Dow Jones index rose by 383 points, which is rather moderate by the standards of the crisis market volatility. This does not mean that the monetary and regulatory authorities will not
READ MORE